Acadian Asset Management LLC grew its holdings in Diodes Incorporated (NASDAQ:DIOD – Free Report) by 598.2% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,437 shares of the semiconductor company after purchasing an additional 5,515 shares during the period. Acadian Asset Management LLC’s holdings in Diodes were worth $453,000, according to its most recent SEC filing.

Several other large investors have also recently adjusted their holdings. Bridge City Capital LLC increased its position in shares of Diodes by 0.8% in the first quarter. Bridge City Capital LLC now owns 37,451 shares of the semiconductor company worth $2,640,000 after acquiring an additional 288 shares during the period. Illinois Municipal Retirement Fund increased its holdings in Diodes by 1.1% in the first quarter. Illinois Municipal Retirement Fund now owns 26,599 shares of the semiconductor company worth $1,875,000 after acquiring an additional 297 shares during the last quarter. Wedge Capital Management LLP NC increased its stake in Diodes by 0.4% in the fourth quarter. Wedge Capital Management LLP NC now owns 80,957 shares of the semiconductor company worth $6,519,000 after acquiring an additional 305 shares during the period. Blue Trust Inc. increased its holdings in Diodes by 13.0% during the fourth quarter. Blue Trust Inc. now owns 2,693 shares of the semiconductor company’s stock worth $212,000 after acquiring an additional 310 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of Diodes during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

Insiders place their bets

In other news, Director Peter M. Menard sold 630 shares of the company’s stock in a transaction dated Wednesday, May 29. The shares were sold at an average price of $71.96, for a total transaction of $45,334.80. Following the completion of the transaction, the Director now directly owns 18,050 shares of the company’s stock, valued at approximately $1,298,878. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available for access via the SEC website. In other news, Director Peter M. Menard sold 630 shares of Diodes stock in a transaction dated Wednesday, May 29. The shares were sold at an average price of $71.96, for a total transaction of $45,334.80. Following the completion of the sale, the Director now owns 18,050 shares of the company’s stock, valued at approximately $1,298,878. The sale was disclosed in a filing with the SEC, which can be accessed via this hyperlink. Also, CEO Keh Shew Lu sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $72.70, for a total transaction of $654,300.00. Following the completion of the transaction, the CEO now owns 110,496 shares of the company’s stock, valued at $8,033,059.20. The disclosure for this sale can be found here. Insiders have sold 30,630 shares of the company’s stock worth $2,272,715 over the last three months. 2.30% of the shares are currently owned by company insiders.

Diode trading up 2.2%

NASDAQ:DIOD opened at $80.27 on Friday. Diodes Incorporated has a 12-month low of $60.00 and a 12-month high of $94.93. The company has a current ratio of 3.18, a quick ratio of 2.05 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average is $75.28 and its 200-day moving average is $71.57. The stock has a market cap of $3.70 billion, a PE ratio of 21.87 and a beta of 1.36.

Diodes (NASDAQ:DIOD – Get Free Report) last announced its quarterly earnings results on Thursday, May 9. The semiconductor company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Diodes had a net margin of 11.36% and a return on equity of 9.11%. The company had revenue of $301.90 million for the quarter, compared to analysts’ expectations of $305.47 million. Diodes’ revenue was down 35.4% from the year-ago quarter. In the same period last year, the company reported $1.59 EPS. Sell-side analysts expect Diodes Incorporated to post 1.8 EPS for the current year.

Wall Street analysts weigh in

Several analysts have recently issued reports on the stock. Robert W. Baird increased their price target on shares of Diodes from $56.00 to $72.00 and gave the company a “neutral” rating in a research report on Friday, May 10th. Truist Financial increased their price target on shares of Diodes from $67.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, May 10th. Four equities analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Diodes currently has a consensus rating of “Hold” and a consensus price target of $74.20.

Check out our latest stock analysis on DIOD

About diodes

(Free Report)

Diodes Incorporated, together with its subsidiaries, manufactures and supplies application-specific, standardized products in the broad discrete, logic, analog and mixed-signal semiconductor markets worldwide. The Company offers discrete semiconductor products such as MOSFETs, SiC MOSFETs; data line protection, power line protection, thyristors, USB Type-C protection and transient voltage suppressors; Schottky, small-signal switching, Zener and SiC diodes; bridge, super-barrier, Schottky, Schottky bridge and fast/ultra-fast rectifiers; and bipolar, avalanche, gate-driver and pre-bias transistors.

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